Green shoots!!! GM sales fall 25% last month (unemployment, wages, how much)

[summers73]

HOPE!!!! CHANGE!!!

GM Sales Fall 25% as Jobless Woes Ward Off Buyers - Bloomberg

[roysoldboy]

Originally Posted by summers73

HOPE!!!! CHANGE!!!

GM Sales Fall 25% as Jobless Woes Ward Off Buyers - Bloomberg

All those attacks by government against Toyota and GM dropped? Mercy me!!

[plannine]

Originally Posted by summers73

HOPE!!!! CHANGE!!!

GM Sales Fall 25% as Jobless Woes Ward Off Buyers - Bloomberg

From the same article.........

Toyota Motor Corp.’s U.S. deliveries may drop 29 percent and Honda Motor Co. may decline 27 percent, the average of four analysts’ estimates. Nissan Motor Co.’s sales may slide 24 percent......


ALL AUTO SALES WERE DOWN (Ford too) for the month.

[summers73]

Originally Posted by plannine

From the same article.........

Toyota Motor Corp.’s U.S. deliveries may drop 29 percent and Honda Motor Co. may decline 27 percent, the average of four analysts’ estimates. Nissan Motor Co.’s sales may slide 24 percent......


ALL AUTO SALES WERE DOWN (Ford too) for the month.

How much was Ford's down?

...and how much have GM's sales fallen since they went belly up?

[plannine]

Originally Posted by summers73

How much was Ford's down?

...and how much have GM's sales fallen since they went belly up?

Ford was down 5.2% (by the article)
Chrysler show a increase (mainly from fleet rental vehicles)

The decline in GM was the first decline of the year. (did you post about the increases? no, why not?)

But July/August is usually the slow peroid for auto sales, except fleet/government sales.

Last year, the sales number was inflated by the C4C program.

GM
Aug 2009 - 245,550
Aug 2010 - 185,105

2009 (8 months) - 1,381,224
2010 (8 months) - 1,462,308

GM up 8% for the year.

High unemployment = continued depressed sales.
Low wages = continued depressed sales.

[oz in SC]

Originally Posted by plannine

But July/August is usually the slow peroid for auto sales, except fleet/government sales.

Do sales in July/August usually fall 20-30%?

[SourD]

Quick! Hurry up and buy that golden stock!!!!

[summers73]

LordB...where are you?

We need a Deepak Chopra moment and for you to tell us that everything's gonna be alright.

[summers73]

Originally Posted by plannine

(did you post about the increases? no, why not?)

Why didn't I? I dunno...I guess I was too busy posting the many billions that GM has been losing since the bailout.

[Sunny-Days-in-Florida]

Originally Posted by summers73

LordB...where are you?

We need a Deepak Chopra moment and for you to tell us that everything's gonna be alright.

LMAO

Things will get better when they take our tax money and get that brand new plant built in Mexico.

Things are looking up!! Give it time.

Is this one of those unexpected moments or was they only expecting 20% or they saved it from getting to 30%.